Long $JINDALSTEL CMP ₹446.50Long $JINDALSTEL CMP ₹446.50. Has tested resistance couple of times. Trading just above resistance. Existing resistance could turn into support. May test previous high soon. Target ~₹485 Stop Loss ~₹402
JINDALSTEL
Jindal Steel and PowerBought at 410.
Current Jindal Steel is 421
will go up till 475
Crosses 490 then will go up till 523 (can retrace)
Crosses 530 then up go up till 555 (retrace)
This is my analysis and not to buy or sell.
JINDALSTEEL (Bearish H&S Pattern) - Intraday/Very Short termThis analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
R-0146 Buy JINDALSTEL @ 198-198.30 SL 194.30 TGT 206Intraday Cash Buy JINDALSTEL @ 198-198.30 SL 194.30 TGT 206
R-0119 Intraday Cash Buy JINDALSTEL @183.85-184.85 SL 181.7 Intraday Cash Buy JINDALSTEL @183.85-184.85 SL 181.7 TGT 191
Above VWAP + TK cross over + MACD cross over => Bullish moment on shorter term
Jindalsteel Looks BullishJindalsteel made flag also given breakout ... Looks bullish only RSI trendline is resistance which need to be broken for targets,
JINDAL STEEL Moving Up In Channel Buy Above : 156
TP 1 : 160 (Hold 80%)
TP 2 : 165 (Hold 40%)
TP 3 : 170 (Exit The Remaining 40% & All Open Trades)
SL : 145
